Motor
ABI issues advice for Cornwall's flood victims
The Association of British Insurers (ABI) has issued advice for people who have been flooded following heavy rainfall in Cornwall.
Groupama appoints personal lines development underwriter
Groupama Insurances has appointed Julian Abson in the role of development underwriter for its personal lines motor account to develop business through its panel of intermediaries and strengthen relationships with broker partners.
Amlin UK's motor income jumps by 36%
Amlin’s interim management statement for the period from 1 July 2010 revealed that its UK's gross written premium (GWP) grew to £248.8m (Q3 2009: £140m) despite a "mixed" trading environment.
ChoiceQuote jobs at risk as consultation period kicks off
Nearly 70 jobs at Groupama-owned ChoiceQuote Insurance Services are at risk following an extensive business review
Biba calls on Government to stem "spiralling" motor insurance costs
The British Insurance Brokers’ Association (Biba) has called on the Government to implement an eight point plan to reduce the rising cost of motor insurance.
RBSI reports £33m loss for Q3 2010
Royal Bank of Scotland Insurance (RBSI) has reported a £33m operating loss for Q3 2010, compared to a £203m loss in Q2 2010 and a £11m profit in Q3 2009.
RSA UK premiums increase 10%
The insurer has reported a 10% rise in premiums to £2.17bn for the nine months to 30 September 2010.
Only one in ten automatically renew car insurance
UK consumers are the most determined to shop around for a good deal on insurance, and the least likely to stay loyal, according to Datamonitor.
News round-up: Business continuity
According to research from the Business Continuity Institute on behalf of the Chartered Insurance Institute, insurance professionals need a more consistent message when promoting the benefits of business continuity plans.
THB sells motorsport division
The Board of THB Group has reached agreement to sell THB Clowes to the Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
One in four pay off other driver after crash
A quarter of drivers have avoided using their motor insurance by giving money to a driver they have crashed into to fix the damage, according to website Myvouchercodes.co.uk
Deloitte says industry must address issue of brokers selling motor at a loss
Motor insurers need to increase their premiums while maintaining their customer base in order to return to profitability, according to Deloitte.
Reportage - FSCS redress: Speak now...
Colin Darnell gives practical advice on how brokers can act to mitigate the significantly increased FSCS levy as well as potentially help shape future funding arrangements.
Viewpoint: Time to put things right
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
LV Broker sets sights high on £1bn worth of business in first decade
LV Broker has revealed it is aiming to write £1bn worth of business by 2015, less than 10 years after its launch.
Apollo-CVC offer accepted
Brit Insurance has agreed a cash offer from Apollo Management and CVC Capital partners in a deal valued at about £888m, which will result in shareholders receiving up to £11 a share.
Product launch: Clear Private Car on Open GI
Allianz Retail's Clear Private Car product has launched with Open GI in the latest stage of its roll-out.
Product launch: RSA-Volvo union renewed
RSA has renewed its affinity partnership with Volvo Car UK.
Axa's UK personal motor revenues up 35% in first nine months 2010
Property & casualty revenues in the first nine months of 2010 were up 0.7% to €21.4bn across the group at Axa. The UK & Ireland saw a 1.4% increase compared to the same period of 2009 to €3.2bn.
UK personal motor market to remain unprofitable for further five years
The UK personal motor market will remain unprofitable until at least 2015, according to a new survey of leading UK insurers by Towers Watson.
CCV snaps up another two businesses
Cullum Capital Ventures (CCV) has acquired the general insurance arm of Bolton-based Standrings and Sussex-based Goodwood Insurance Services.
Broker claims debate
Claims are a thorny issue at the best of times but when credit-hire organisations and accident management companies are involved, it seems everyone gets prickly.
The results are in: The Top 50 Brokers in Personal Lines
Insurance Age has produced the third edition of its Top 50 Brokers in Personal Lines supplement, published in conjunction with Cornell Consulting.
Transactor embarks on quotation enhancement trial
Transactor Global Solutions is trialling the use of key external databases in a bid to enhance the quotation process in private motor, motor cycle, commercial vehicle, and household insurance.